Lamacchia Realty

OCTOBER 25, 2023

Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Birmingham Appraisal

FEBRUARY 6, 2024

More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. The second graph shows average and median price trends over a shorter time period, from 2020 to the end of 2023. The average sale price will factor in the outlier sales which could possibly skew the results.

Inventory 79

Inventory Real Estate Sellers Buyers 79

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Cornerstone

MARCH 3, 2021

percent above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.”. The goal of pricing your home to sell is to enhance visibility and attract more buyers. It may actually repel potential buyers. Why’s it so important to price your house right?

Sellers 55

Sellers Bracketing Buyers Inventory 55

Lamacchia Realty

FEBRUARY 22, 2023

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable.

Buyers 41

Buyers Sellers Inspection Bracketing 41